Sun, 18 January 2015
Today's FEATURE focuses on the Swiss Central Bank's decision to decouple its' peg to the Euro currency and the ramifications that will be felt worldwide. The Swiss franc appreciated 30% in one day against the Euro which caused massive losses in the Forex market. The currency trader FXCM's stock lost 90% of its' value in one day and received an emergency loan of $300 million dollars to avoid closing. Volatile currency markets have in the past been indicators of major shifts in the world economy. Other topics include: The Paris no show, The World Economic Forum in Davos,The Illinois Pension absurdity, Bitcoin, Gold & Oil & the failure of Keynesianism.
Direct download: TMB-15-01-18-richard-prophecy-currency-wars-have-begun.mp3
Category:News & Politics -- posted at: 1:25pm PDT